Page 11 - Yap Leng Kuen News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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“All members are badly affected especially those that own a few, like eight to 10 hotels, with a big number of rooms and a lot of employees, ’’ said MAHO executive director Shaharuddin Mohamad Saaid.
WITH international borders still restricted, the hotel sector next year will still be highly dependent on domestic tourism.
The easing of movement control orders recently, allowing for travels for tourism and meetings at hotels, will help the domestic tourism and hotel sector. Due to the low yield of domestic travels, hotels can only hope to survive with little or no profits.
The Malaysian Association of Hotels (MAH) is forecasting a full year 2020 occupancy of about 25% compared with 60% in 2019. With a drop of 30% to 70% in room rates, MAH said that would translate into a 60% to 80% loss in revenue.